Bitcoin Slides Below $70,000 as Bears Defend $68,000 Resistance

Bitcoin dropped under $70,000 after failing to hold above $70,500, and it later printed a low at $66,111 before consolidating. Price remains below the 100-hour simple moving average, with a bearish trend line capping rebounds near $68,000. A breakdown below $66,000 could open the door to $65,000 and $64,200, while resistance is seen at $68,500 and $70,000.